Livforsakringsbolaget Skandia Omsesidigt decreased its holdings in NextEra Energy Inc (NYSE:NEE) by 20.2% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,092 shares of the utilities provider’s stock after selling 1,800 shares during the quarter. Livforsakringsbolaget Skandia Omsesidigt’s holdings in NextEra Energy were worth $1,108,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of NEE. REDW Stanley Financial Advisors LLC purchased a new position in NextEra Energy in the 2nd quarter worth about $210,000. Beach Investment Management LLC. grew its stake in shares of NextEra Energy by 1,572.6% during the 2nd quarter. Beach Investment Management LLC. now owns 163,583 shares of the utilities provider’s stock valued at $22,923,000 after purchasing an additional 153,803 shares during the period. AT Bancorp grew its stake in shares of NextEra Energy by 12.3% during the 2nd quarter. AT Bancorp now owns 13,637 shares of the utilities provider’s stock valued at $1,912,000 after purchasing an additional 1,489 shares during the period. Tortoise Capital Advisors L.L.C. grew its stake in shares of NextEra Energy by 325.0% during the 2nd quarter. Tortoise Capital Advisors L.L.C. now owns 1,564 shares of the utilities provider’s stock valued at $219,000 after purchasing an additional 1,196 shares during the period. Finally, Endurance Wealth Management Inc. grew its stake in shares of NextEra Energy by 14.5% during the 2nd quarter. Endurance Wealth Management Inc. now owns 38,450 shares of the utilities provider’s stock valued at $5,388,000 after purchasing an additional 4,883 shares during the period. 75.41% of the stock is owned by institutional investors and hedge funds.
In other NextEra Energy news, CEO Armando Pimentel, Jr. sold 42,372 shares of the company’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $157.45, for a total value of $6,671,471.40. Following the completion of the transaction, the chief executive officer now directly owns 121,958 shares in the company, valued at approximately $19,202,287.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director James L. Robo sold 30,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of $151.52, for a total value of $4,545,600.00. The disclosure for this sale can be found here. Insiders own 0.53% of the company’s stock.
NextEra Energy (NYSE:NEE) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $1.85 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.77 by $0.08. The company had revenue of $4.81 billion during the quarter, compared to the consensus estimate of $4.89 billion. NextEra Energy had a return on equity of 11.86% and a net margin of 24.81%. The firm’s revenue was up .1% on a year-over-year basis. During the same period in the previous year, the company posted $1.74 EPS. research analysts predict that NextEra Energy Inc will post 6.73 earnings per share for the current year.
A number of research firms have issued reports on NEE. Zacks Investment Research downgraded NextEra Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, January 10th. Argus restated a “buy” rating and set a $173.00 price target on shares of NextEra Energy in a research note on Tuesday, December 5th. They noted that the move was a valuation call. JPMorgan Chase & Co. set a $169.00 price target on NextEra Energy and gave the company a “hold” rating in a research note on Thursday, October 12th. Morgan Stanley boosted their price target on NextEra Energy from $173.00 to $175.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, Guggenheim restated a “buy” rating and set a $177.00 price target on shares of NextEra Energy in a research note on Wednesday, January 3rd. Three investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $159.56.
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NextEra Energy Profile
NextEra Energy, Inc (NEE) is a holding company. The Company is an electric power companies in North America and, through its subsidiary NextEra Energy Resources, LLC (NEER) and its affiliated entities, is the generator of renewable energy from the wind and sun. NEE also owns and/or operates generation, transmission and distribution facilities to support its services to retail and wholesale customers, and has investments in gas infrastructure assets.
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